New Meme Coin SEIYAN Skyrockets 99% as Sei Network Goes Live, But Sustainability Remains Uncertain
• New meme coin SEIYAN hyped on Sei Network, up 99% in a week
• SEI token saw $1B volume on first day of mainnet launch in Aug 2023
• Sei Network raised $35M from Jump Crypto & Multicoin Capital
• Competitors Aptos and Sui also had hype but haven't beat Solana
• Questions remain if hype around Sei Network and meme coin will last